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ELECTRODE records net income of JD0.09 in H1 2017

2017-08-13

According to the  financial statements of Al Shark Electrode company ELECTORDE for the first half of 2017, Net profit after tax of the period reached 30,114 JD Compared with Net profit after tax 90,693 JD for 2016, a net decrease in profit of 66.80%.Total assets of the company reached 3,373,840 JD compared with total assets of 3,316,275 JD at the end of year 2016, a net increase of 1.74%.Total liabilities of the company reached 419,756 JD compared with total liabilities of 332,360 JD at the end of year 2016, a net increase of 26.29%. Net ownership equity of the company reached 2,954,084 JD compared with total owner equity of 2,983,915 JD at the end of year 2016, a net decrease of 1.00%